MasterCard Inc. reported third-quarter 2014 operating earnings per share (EPS) of 87 cents.

Visa Inc.’s fourth-quarter fiscal 2014 operating earnings per Class A common share (EPS) of $2.18 outpaced the Zacks Consensus Estimate of $2.11 by 3.3%.

The major indices have dropped under the 200 day moving average; we were waiting for confirmation; we got it. The S&P looked to bounce off a different trendline.

The big winner from the morning earnings session was BlackRock which reported an impressive earnings beat and a 10% increase to its assets under management.

For many years, investment managers and academics have argued about the concentration/diversification issue, and although diversification is now widely accepted as the right choice, there are still plenty good examples of concentration successes. What Would Warren Do?

Apple is widely expected to reveal a mobile payments system alongside the iPhone 6 at its press event on September 9th. The system — supposedly designed to take on Google Wallet, Isis, Paypal, and others — would allow you to use your phone to pay for items at the cash register,